Ethereum is making serious strides in scaling, and a leading market expert says it’s unstoppable.
Layer 2 Solutions Fueling Growth
Leon Weidmann, head researcher at Onchain Foundation, is confident that Ethereum’s scaling progress is unstoppable, even amidst market uncertainty. He points to the impressive growth of Layer 2 solutions, like rollups, which are significantly improving the network’s efficiency and scalability.
Rollups: A Game Changer
Rollups are a type of Layer 2 solution that bundle multiple transactions together, process them off-chain, and then submit them back to the Ethereum mainnet as a single transaction. This drastically increases the number of transactions that can be processed per second (TPS).
Weidmann highlights that rollups are currently processing about 300 TPS, which is 24.93 times more than the Ethereum main chain. This shows that Ethereum is delivering real results, even during challenging market conditions.
New Layer 2s Gaining Traction
While older Layer 2 networks like Arbitrum One have been around for a while, newer networks like Base are quickly gaining popularity. Base, backed by Coinbase, has already reached over 2.64 million weekly active users in just one year. Meanwhile, Arbitrum One, which launched three years ago, has around 1.37 million active users.
Other young networks like Linea and ZkSync Era are also attracting hundreds of thousands of users, showing that the future of Ethereum scaling is evolving rapidly.
The Bottom Line
Weidmann believes that the market is underestimating the speed of Ethereum’s scaling progress. With the continued development and adoption of Layer 2 solutions, the network is poised to revolutionize the blockchain space.
